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Comparision between Axita Cotton Buyback 2023 and Indiamart Intermesh Buyback 2023.
Axita Cotton Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Indiamart Intermesh Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
Axita Cotton Limited | Indiamart Intermesh Limited | ||||||||||
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Type of Buyback | Tender Offer | Tender Offer | |||||||||
Listing At | BSE, NSE | BSE, NSE | |||||||||
Face Value | ₹1 per share | ₹10 per share | |||||||||
Buyback Price | ₹56 per share | ₹4000 per share | |||||||||
Issue Size | 9,00,000 shares | 12,50,000 shares | |||||||||
Issue Size (Amount) | ₹5.04 Crores | ₹500.00 Crores | |||||||||
Buyback Ratio |
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Registrar | Skyline Financial Services Private Ltd | Link Intime India Private Ltd | |||||||||
Lead Managers | Beeline Capital Advisors Pvt Ltd | Nuvama Wealth Management Limited | |||||||||
Necessity of the buyback | The buyback is a capital allocation decision taken by the company. The buyback will help the company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in the longer term, and improving the return on equity. |
The Buyback is being undertaken for the following reasons:
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Axita Cotton Buyback 2023 and Indiamart Intermesh Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Axita Cotton Buyback 2023 Buyback record date is Jun 02, 2023. Indiamart Intermesh Buyback 2023 Buyback record date is Aug 25, 2023.
Axita Cotton Limited | Indiamart Intermesh Limited | |
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Record Date | Jun 02, 2023 | Aug 25, 2023 |
Offer Open Date | Jun 08, 2023 | Aug 31, 2023 |
Offer Closure Date | Jun 14, 2023 | Sep 06, 2023 |
Last date for receipt of tender forms | Jun 14, 2023 | Sep 06, 2023 |
Finalisation of buyback | Jun 21, 2023 | Sep 12, 2023 |
Last Date for settlment of bids | Jun 21, 2023 | Sep 13, 2023 |
Last Date for extinguishment of shares | Jul 03, 2023 | Sep 25, 2023 |
Comparison of Axita Cotton Buyback 2023 and Indiamart Intermesh Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
Axita Cotton Limited | Indiamart Intermesh Limited | ||||||||||||||||||||||||||||||||||||||||||
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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